Basanite (BASA) 10-Q 15 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 15, 2020
Document And Entity Information
Entity Registrant Name	BASANITE, INC.
Entity Central Index Key	0001448705
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2020
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Document Quarterly Report	true
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Incorporation State Country Code	NV
Entity File Number	000-53574
Entity Common Stock, Shares Outstanding		203,602,397

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2020	Dec. 31, 2019
CURRENT ASSETS
Cash	$ 101,841	$ 129,152
Inventory	158,275	159,472
Prepaid expenses	29,423	26,640
Deposits and other current assets	77,172	145,671
TOTAL CURRENT ASSETS	366,711	460,935
Lease right-of-use asset	1,171,262	1,222,853
Fixed assets, net	831,338	771,996
Other assets		5,380
TOTAL LONG TERM ASSETS	2,002,600	2,000,229
TOTAL ASSETS	2,369,311	2,461,164
CURRENT LIABILITIES
Accounts payable	209,358	218,082
Accrued expenses	542,127	489,179
Accrued legal liability	795,210	790,606
Notes payable	211,914	219,617
Notes payable - related party	100,000
Notes payable - convertible	418,391	453,991
Subscription liability	416,667
Lease liability - current portion	230,427	221,997
TOTAL CURRENT LIABILITIES	2,924,094	2,393,472
Lease liability - net of current portion	1,033,800	1,094,970
TOTAL LIABILITIES	3,957,894	3,488,442
STOCKHOLDERS' DEFICIT
Preferred stock, $0.001 par value, 5,000,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value, 1,000,000,000 shares authorized, 200,735,730 shares issued and outstanding	200,736	200,736
Additional paid-in capital	24,216,042	24,216,042
Accumulated deficit	(26,005,361)	(25,444,056)
TOTAL STOCKHOLDERS' DEFICIT	(1,588,583)	(1,027,278)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 2,369,311	$ 2,461,164

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value per share	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value per share	$ 0.001	$ 0.001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	200,735,730	200,735,730
Common stock, shares outstanding	200,735,730	200,735,730

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenue
Products sales - rebar	$ 1,625
Total cost of goods sold	619
Gross profit	1,006
OPERATING EXPENSES
Professional fees	109,858	151,863
Payroll, taxes and benefits	237,431	66,267
Consulting	17,063	158,072
General and administrative	217,953	280,668
Total operating expenses	582,305	656,870
NET LOSS FROM OPERATIONS	(581,299)	(656,870)
OTHER INCOME (EXPENSE)
Miscellaneous income		700
Gain on settlement of lawsuit	70,817
Interest expense	(50,823)	(31,511)
Total other income (expense)	19,994	(30,811)
NET LOSS	$ (561,305)	$ (687,681)
Net loss per share - basic and diluted	$ (0.003)	$ (0.004)
Weighted average number of shares outstanding - basic and diluted	200,735,730	154,882,684

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT (UNAUDITED) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Non-controlling Interest [Member]	Total
Balance at Dec. 31, 2018		$ 154,202	$ 18,718,283	$ (21,135,252)	$ 225,015	$ (2,037,752)
Balance, shares at Dec. 31, 2018		154,202,008
Shares issued to convert notes payable		$ 1,701	507,477			509,178
Shares issued to convert notes payable, Shares		1,700,985
Stock-based compensation			73,603			73,603
Stock-based compensation, shares
Stock issued for cash		$ 15,500	759,500			775,000
Stock issued for cash, shares		15,500,000
Stock issued to purchase non-controlling interest in Basalt America Territory #1		$ 2,010	223,005		(225,015)
Stock issued to purchase non-controlling interest in Basalt America Territory #1, shares		2,010,000
Net loss				(687,681)		(687,681)
Balance at Mar. 31, 2019		$ 173,413	20,281,868	(21,822,933)		(1,367,652)
Balance, shares at Mar. 31, 2019		173,412,993
Balance at Dec. 31, 2019		$ 200,736	24,216,042	(25,444,056)		(1,027,278)
Balance, shares at Dec. 31, 2019		200,735,730
Shares issued to convert notes payable
Stock issued for cash, shares						4,000,000
Net loss				(561,305)		$ (561,305)
Balance at Mar. 31, 2020		$ 200,736	$ 24,216,042	$ (26,005,361)		$ (1,588,583)
Balance, shares at Mar. 31, 2020		200,735,730

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (561,305)	$ (687,681)
Adjustments to reconcile net loss to net cash used in operating activities:
Lease right-of-use asset	51,591	83,051
Depreciation	25,828	1,559
Amortization of debt discount	16,900
Stock-based compensation		73,603
Changes in operating assets and liabilities:
Prepaid expenses	(2,783)	46,680
Inventory	1,197	(29,834)
Accounts receivable		883
Other current assets	48,086	(74,000)
Accounts payable and accrued expenses	48,828	142,979
Subscription liability	416,667
Lease liability	(52,740)
Net cash used in operating activities	(7,731)	(442,760)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of equipment	(59,377)	(27,555)
Deposits on machinery and equipment		(155,050)
Net cash used in investing activities	(59,377)	(182,605)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from sale of common stock		815,000
Repayment of convertible notes payable and convertible notes payable related party	(102,500)	(2,500)
Proceeds from notes payable and notes payable related party	109,541	160,000
Proceeds from convertible notes payable and convertible notes payable related party	50,000	70,000
Repayment of notes payable and notes payable related party	(17,244)
Net cash provided by financing activities	39,797	1,042,500
NET (DECREASE) INCREASE IN CASH	(27,311)	417,135
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	129,152	121,831
CASH AND CASH EQUIVALENTS AT END OF PERIOD	101,841	538,966
Supplemental cash flow information:
Cash paid for interest	2,753	2,500
Supplemental disclosure of non cash investing and financing activities:
Conversion of notes payable into common stock		509,178
Common shares issued to acquire interest in joint venture		502,500
Exchange of notes payable and related interest for common stock		$ 1,414,461

ORGANIZATION, NATURE OF BUSINES

ORGANIZATION, NATURE OF BUSINESS AND GOING CONCERN	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION, NATURE OF BUSINESS AND GOING CONCERN	NOTE 1 – ORGANIZATION, NATURE OF BUSINESS AND GOING CONCERN (A) Overview and Basis of Presentation On May 30, 2006, Basanite, Inc. was organized as a Nevada corporation. Basanite and its wholly owned subsidiaries are herein referred to as the "Company", “we”, “our”, or “us”. Currently based in Pompano Beach, Florida, the Company intends to manufacture concrete-reinforcing products made from basalt fiber reinforced polymers (“BFRP”) such as its primary product BasaFlex. This UV-stable, chemical, acid and moisture resistant material is sustainable and environmentally friendly and has been engineered to replace steel as it never rusts, therefore, addressing the industry’s current corrosion issues. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. Accordingly, they do not include all of the information necessary for a comprehensive presentation of financial position and results of operations. These interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on April 6, 2020. The interim results for the period ended March 31, 2020 are not necessarily indicative of results for the full fiscal year. It is management's opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation. (B) Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of Basanite, Inc. and its wholly owned subsidiaries, Basanite Industries, LLC and Basalt America formerly known as Rockstar Acquisitions, LLC. (C) Liquidity and Management Plans Since inception, the Company has incurred net operating losses and used cash in operations. The Company has an accumulated deficit of approximately $26.0 million, a working capital deficit of approximately $2.6 million, and cash used in operations of approximately $7.7 thousand as of and for the period ended March 31, 2020. Losses have principally occurred as a result of the substantial resources required for product development and marketing of the Company's products, which include the general and administrative expenses associated with its organization and product development. Basanite Industries has submitted its first batch of its BasaFlex TM At March 30, 2020, the Company had cash of $101,841 compared to $129,152 at December 31, 2019. At this time, the Company believes that it has sufficient access to future capital to fund its planned operations through the second quarter of calendar year 2020. We have historically satisfied our working capital requirements through the sale of restricted common stock and the issuance of warrants and promissory notes. Until future revenues and corresponding cash flows materialize, we will attempt to fund working capital requirements through third party financing, including a private placement of our securities as well as bridge loan arrangements. We cannot provide any assurances that required capital will be obtained or that the terms of such required capital may be acceptable to us. If we are unable to obtain adequate financing, we may reduce our operating activities until sufficient funding is secured or revenues are generated to support operating activities. The coronavirus (“COVID-19”) that was reported to have surfaced in Wuhan, China in December 2019 and that has now spread to other countries throughout the world could adversely impact our operations or those of our third-party partners. Additionally, the continued spread of the virus could negatively impact the manufacturing, supply, distribution and sale of our products and our financial results. The extent to which the coronavirus impacts our operations or those of our third-party partners will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration of the outbreak, new information that may emerge concerning the severity of the coronavirus and the actions to contain the coronavirus or treat its impact, among others. Such developments could have a material adverse effect on our financial results and our ability to conduct business as expected. Additionally, the disruption to capital markets caused by the pandemic may adversely affect the Company’s ability to obtain funding to continue operations in the future. These conditions raise substantial doubt about the Company's ability to continue as a going concern. As a result of these factors, the report of our independent auditors dated April 6, 2020, on our consolidated financial statements for the year ended December 31, 2019 included an emphasis of matter paragraph indicating that there is substantial doubt about the Company’s ability to continue as a going concern. These condensed consolidated financial statements do not include any adjustments to reflect the possible future effect on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the outcome of these uncertainties. Management believes that the actions presently being taken to obtain additional funding and implement its strategic plan provides the opportunity for the Company to continue as a going concern.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (A) Cash The Company considers all highly liquid temporary cash instruments with an original maturity of three months or less to be cash equivalents. The Company places its cash and cash equivalents and restricted cash on deposit with financial institutions in the United States, which are insured by the Federal Deposit Insurance Company ("FDIC") up to $250,000. The Company's credit risk in the event of failure of these financial institutions is represented by the difference between the FDIC limit and the total amounts on deposit. Management monitors the financial institutions credit worthiness in conjunction with balances on deposit to minimize risk. (B) Use of Estimates in Financial Statements The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. (C) Reclassifications The Company has reclassified certain prior period amounts in the accompanying condensed consolidated financial statements in order to be consistent with the current period presentation. These reclassifications had no effect on net loss, total assets, total liabilities or stockholders’ deficit. (D) Inventories The Company’s inventories consist of raw materials and finished goods, both purchased and manufactured. Inventories are stated at lower of cost or net realizable value. Cost is determined on the first-in, first-out basis. Raw inventory consists of basalt fiber and other necessary elements to produce the basalt rebar. On a quarterly basis, the Company analyzes its inventory levels and records allowances for inventory that has become obsolete and inventory that has a cost basis in excess of the expected net realizable value. The Company’s inventory at March 31, 2020 and December 31, 2019 was comprised of: March 31, December 31, 2019 (Unaudited) Finished goods $ 46,892 $ 47,462 Raw materials 111,383 112,010 Total inventory $ 158,275 $ 159,472 (E) Fixed assets Fixed assets consist of the following: March 31, December 31, 2019 (Unaudited) Computer equipment $ 7,268 $ 7,268 Machinery 639,155 578,347 Leasehold improvements 161,579 137,217 Office furniture and equipment 62,926 62,926 Land improvements 7,270 7,270 Website development 27,275 27,275 905,473 820,303 Accumulated depreciation (74,135 ) (48,307 ) $ 831,338 $ 771,996 Depreciation expense for the three months ended March 31, 2020 and 2019 was $25,828 and $1,559, respectively. (F) Loss Per Share The basic loss per share is calculated by dividing the Company's net loss available to common shareholders by the weighted average number of common shares during the period. The diluted loss per share is calculated by dividing the Company's net loss by the diluted weighted average number of shares outstanding during the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. The following are dilutive shares not included in the loss per share computation: March 31, December 31, 2019 (Unaudited) Options 5,042,500 5,042,500 Warrants 29,849,761 29,849,761 Convertible shares 998,666 984,014 35,890,927 35,876,275 (G) Stock-Based Compensation The Company recognizes compensation costs to employees under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 718, Compensation – Stock Compensation. Under FASB ASC Topic 718, companies are required to measure the compensation costs of share-based compensation arrangements based on the grant-date fair value and recognize the costs in the financial statements over the period during which employees are required to provide services. Share based compensation arrangements include stock options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans. As such, compensation cost is measured on the date of grant at their fair value. Such compensation amounts, if any, are amortized over the respective vesting periods of the grant.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 3 – RECENT ACCOUNTING PRONOUNCEMENTS There are several new accounting pronouncements issued or proposed by the FASB. Each of these pronouncements, as applicable, has been or will be adopted by the Company. Management does not believe any of these accounting pronouncements has had or will have a material impact on the Company’s condensed consolidated financial position or operating results.

OPERATING LEASE

OPERATING LEASE	3 Months Ended
	Mar. 31, 2020
Lessee Disclosure [Abstract]
OPERATING LEASE	NOTE 4 – OPERATING LEASE On January 31, 2019, the Company entered into an agreement to lease approximately 25,470 square feet of office and manufacturing space in Pompano Beach, Florida. The original term of the lease was approximately five years and two months. On March 25, 2019, the Company entered into an amendment to the agreement to increase the square footage of leased premises to 36,900 square feet, increasing the Company’s base rent obligation to be approximately $33,825 per month for one year and nine months, and increasing annually at a rate of three percent for the remainder of the lease term. The aggregate base rent payments for the term of the lease is $2,073,344. Additionally, as a result of the lease amendment, the lease deposit required was increased to $74,000. The future minimum lease payments to be made under the operating lease as of March 31, 2020 are as follows: 2020 304,425 2021 415,033 2022 427,484 2023 440,308 2024 110,884 Total minimum lease payments 1,698,134 Discount (433,908 ) Operating lease liability $ 1,264,226 Operating lease liabilities are based on the net present value of the remaining lease payments over the remaining lease term. In determining the present value of lease payments, the Company used the incremental borrowing rate based on the information available at the lease commencement date. As of March 31, 2020, the weighted-average remaining lease term is 4.0 years and the weighted-average discount rate used to determine the operating lease liability was 15.0%.

NOTES PAYABLE - CONVERTIBLE

NOTES PAYABLE - CONVERTIBLE	3 Months Ended
	Mar. 31, 2020
Notes Payable, by Type, Current and Noncurrent [Abstract]
NOTES PAYABLE - CONVERTIBLE	NOTE 5 – NOTES PAYABLE – CONVERTIBLE Convertible notes payable totaled $418,391 and $453,991 at March 31, 2020 and December 31, 2019, respectively. Interest expense for the Company’s convertible notes payable for the three months ended March 31, 2020 and 2019 was $22,906 and $14,929, respectively. Accrued interest for the Company’s convertible notes payable at March 31, 2020 and December 31, 2019 was $106,926 and $86,520, respectively.

NOTES PAYABLE

NOTES PAYABLE	3 Months Ended
	Mar. 31, 2020
Notes Payable [Abstract]
NOTES PAYABLE	NOTE 6 – NOTES PAYABLE Notes payable totaled $211,914 and $219,617 at March 31, 2020 and December 31 ,2019, respectively. Interest expense for the Company’s notes payable for the three months ended March 31, 2020 and 2019 was $2,323 and $6,118, respectively. Accrued interest for the Company’s notes payable at March 31, 2020 and December 31, 2019 was $13,641 and $11,244, respectively.

NOTES PAYABLE - RELATED PARTY

NOTES PAYABLE - RELATED PARTY	3 Months Ended
	Mar. 31, 2020
Issued stock options to acquire common stock
NOTES PAYABLE - RELATED PARTY	NOTE 7 – NOTES PAYABLE – RELATED PARTY Related party notes payable totaled $100,000 and $0 at March 31, 2020 and December 31, 2019, respectively. On January 16, 2020, the Company entered into a demand note agreement with our Board Chairman, Michael V. Barbera, in the amount of $50,000. The note has a term of 6 months bearing an interest rate of 10% per annum. On April 13, 2020, an addendum was executed changing the terms of the note to a convertible note payable bearing an interest rate of 12% per annum. Per the addendum, the principal and accrued interest is convertible at the option of the holder after June 5, 2020 at a 20% discount of that days’ closing price. On January 16, 2020, the Company entered into a demand note agreement with an entity managed by Ronald J. LoRicco, Sr., a member of our Board of Directors, in the amount of $50,000. The note has a term of 6 months bearing an interest rate of 10% per annum. On April 13, 2020, an addendum was executed changing the terms of the note to a convertible note payable bearing an interest rate of 12% per annum. Per the addendum, the principal and accrued interest is convertible at the option of the holder after June 5, 2020 at a 20% discount of that days’ closing price. Interest expense for the Company’s notes payable for the three months ended March 31, 2020 and 2019 was $2,091 and $11,456, respectively. Accrued interest for the Company’s notes payable at March 31, 2020 and December 31, 2019 was $2,091 and $0, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 8 – COMMITMENTS AND CONTINGENCIES Legal Matters In the ordinary course of operations, the Company may become a party to legal proceedings. Based upon information currently available, management believes that such legal proceedings, individually or in the aggregate, will not have a material adverse effect on the Company's business, financial condition, cash flows, or results of operations except as provided below. CalSTRS Judgement On March 31, 2014, the Company received a “Notice of Default” letter from legal counsel representing the California State Teachers Retirement System (“CalSTRS”) (the landlord for the Company’s office space) alerting that the Company was in default of its lease for failure to pay monthly rent for the office space located at 2400 East Commercial Boulevard, Suite 612, Fort Lauderdale, FL 33304. The letter demanded immediate payment of $41,937 for rent past due as of April 1, 2014. The Company had indicated in writing its intention to cooperate with the landlord while trying to resolve the matter. On February 11, 2015, the landlord, through its attorneys, filed a motion for summary judgment. The motion asked for $376,424 in unpaid rent, recovery of abated rents and tenant improvements and $12,442 in attorney’s costs incurred by the landlord. On April 22, 2015, the motion for unpaid rent, recovery of abated rents and tenant improvements and attorney’s costs was granted by the Circuit Court of the 17th Judicial Circuit in and for Broward County and the Company has reserved the entire judgement of $388,866. The total amount is accruing interest at the statutory rate of 4.75%. The accrued interest on the judgement at March 31, 2020 and December 31, 2019 is $91,344 and $86,739, respectively. RAW Materials Litigation On or about August 28, 2018, Raw Energy Materials Corp filed an action for declaratory relief and breach of contract in Broward County, Florida, in the 17 th The nature of the dispute is based on representations (or misrepresentations) we allege were made to us and terms of a previously existing licensing agreement, related consulting and other agreements, as well as related sales of equipment/machinery and goods. As it became apparent that the subject license agreement was effectively worthless and moot to the Company, the parties promptly agreed to an order terminating that license agreement, which resulted in the Agreed Order dated January 28, 2019. The parties continue to litigate damages arising from the dispute. Depositions of RAW's principal, Don Smith, and associate, Elina Jenkins, were taken in January of 2020. Discovery is ongoing with Basanite's Motion for Summary Judgment pending and currently set to be heard June 3, 2020. The ultimate outcome of this action is still unknown and no loss contingency has been recorded as of March 31, 2020. HLM Paymeon Storefront Damage Settlement On December 15, 2016, a third-party driver drove his car through the Company’s retail storefront located at 2599 N. Federal Highway, Fort Lauderdale, FL 33305. The accident caused severe damage to the building causing the city of Fort Lauderdale to declare the building an unsafe structure. The Company was forced to vacate the premises, therefore, terminating the lease. The damaged storefront and terminated lease effectively terminated the business. On August 3, 2017, the Company filed a complaint with the Circuit Court of the 17 th

STOCKHOLDERS' DEFICIT

STOCKHOLDERS' DEFICIT	3 Months Ended
	Mar. 31, 2020
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' DEFICIT	NOTE 9 – STOCKHOLDERS’ DEFICIT During the three months ended March 31, 2020, no shares were issued. The Company received $416,667 from investors in exchange for 4,166,667 restricted common shares, par value $.001 per share, for $0.10 per share and 4,000,000 five-year warrants with a strike price of $0.30 per share and 16,667 five-year warrants with a strike price of $0.40 per share. The $416,667 is reflected as a subscription liability on the Company’s condensed consolidated balance sheet as of March 31, 2020. The shares were subsequently issued to investors on April 1, 2020 and April 13, 2020 as discussed in Note 12.

OPTIONS AND WARRANTS

OPTIONS AND WARRANTS	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
OPTIONS AND WARRANTS	NOTE 10 – OPTIONS AND WARRANTS Stock Options: The following table summarizes all option grants outstanding to consultants, directors and employees as of March 31, 2020 and December 31, 2019 and the related changes during these periods are presented below. March 31, December 31, Options outstanding and exercisable 5,042,500 5,042,500 Weighted-average exercise price $ 0.40 $ 0.40 Aggregate intrinsic value $ — — Weighted-average remaining contractual term (years) 4.41 4.66 The Company chose the “straight-line” attribution method for allocating compensation costs of each stock option over the requisite service period using the Black-Scholes Option Pricing Model to calculate the grant date fair value. During the three months ended March 31, 2020, no options were issued, exercised or cancelled. Stock Warrants: The following table summarizes all warrant grants outstanding to consultants, directors and employees as well as investors as of March 31, 2020 and December 31, 2019 and the related changes during these periods are presented below. March 31, December 31, Warrants outstanding and exercisable 29,849,761 29,849,761 Weighted-average exercise price $ 0.21 $ 0.23 Aggregate intrinsic value $ 429,000 $ 1,956,750 Weighted-average remaining contractual term (years) 3.32 3.64 During the three months ended March 31, 2020, no warrants were issued, exercised or cancelled. During the three months ended March 31, 2020 and 2019, total stock-based compensation expense amounted to $0 and

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 11 – INCOME TAXES The Coronavirus Aid and Relief and Economic Security (“CARES”) Act enacted on March 27, 2020 provided relief for individuals and businesses as a result of COVID-19 and its impact on the economy. The CARES Act provided for additional relief for businesses by amending the net operating loss (“NOL”) rules. The amendment allows for the carryback of NOLs to each of the five taxable years preceding the taxable year in which the loss arises. Since the enactment of the Tax Cuts and Jobs Act of 2017 (“TCJA”), NOLs generally could not be carried back but could be carried forward indefinitely. Further, the TCJA limited NOL absorption to 80% of taxable income. The CARES Act temporarily removes the 80% limitation, reinstating it for tax years beginning after 2020. This amendment does not currently benefit the Company as it has sustained losses in those years.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 12 – SUBSEQUENT EVENTS On April 1, 2020, the Company issued 166,667 restricted common shares, par value $.001 per share, for $0.10 per share and 166,667 five-year warrants with a strike price of $0.40 per share in exchange for $16,667. The proceeds were recorded as subscription liability as of March 31, 2020. On April 13, 2020, the Company issued 4,000,000 restricted common shares, par value $.001 per share, for $0.10 per share and 4,000,000 five-year warrants with a strike price of $0.30 per share in exchange for $400,000. The proceeds were recorded as subscription liability as of March 31, 2020. On April 13, 2020, the Company settled its remaining obligation under the Securities Purchase Agreement and related 15% Convertible Promissory Note with Labrys Fund, LP (“the Investor’). The Company paid $262,389 in full satisfaction of the note. This amount included $24,389 accrued interest. On April 16, 2020, the Investor returned the originally issued 1,300,000 shares of common stock that was issued as a commitment fee. The 1,300,000 shares of common stock have been recorded as treasury stock. Additionally, the transfer agent released the reserve of 21,666,666 shares of common stock in the name of the Investor for issuance upon conversion. On April 13, 2020, the Company entered into several convertible promissory notes in order to provide the financing required to settle the obligation with the Investor. The Company issued convertible notes payable in exchange for $100,000 bearing an interest rate of 12% per annum and payable in six months. At the option of holder, the principal and accrued interest may be converted to shares of common stock at a conversion rate of $0.092 per share. At the time of conversion, the Company shall immediately also issue an equal amount of five-year warrants to purchase common stock of the Company, at an exercise price of $0.312 per share. The warrants shall have an option whereby the Company can require the exercise of the warrants if the trading price is at or above $0.69 per share for 20 consecutive trading days. Upon maturity, the Company shall have the option to convert the unpaid principal and interest balance of the note under the same terms as above. On April 13, 2020, the Company issued a convertible promissory note with an entity managed by Ronald J. LoRicco, Sr., a member of our Board of Directors, in exchange for $150,000 bearing an interest rate of 12% per annum and payable in six months. After June 5, 2020, the holder may convert the unpaid principal and interest balance of the note into shares of common stock, par value $0.001 per share, at the conversion rate equal to 80% of the closing price on June 5, 2020 per share. At the time of conversion, the Company shall immediately also issue a five-year warrant to the holder to purchase the same number of shares of common stock of the Company as the holder receives in such conversion. The strike price for such warrants shall be 3 times the conversion price. In addition, the warrants shall have an option whereby the Company can require the exercise of the warrants if the trading price is at or above the warrant price plus 150% for 20 consecutive trading days. The conversion date shall be the date that such conversion is completed. Upon maturity, the Company shall have the option to convert the unpaid principal and interest balance of the note under the same terms as above. On April 13, 2020, the Company issued a convertible promissory note with Michael V. Barbera, our Board Chairman, in exchange for $25,000 bearing an interest rate of 12% per annum and payable in six months. After June 5, 2020, the holder may convert the unpaid principal and interest balance of the note into shares of common stock, par value $0.001 per share, at the conversion rate equal to 80% of the closing price on June 5, 2020 per share. At the time of conversion, the Company shall immediately also issue a five-year warrant to the holder to purchase the same number of shares of common stock of the Company as the holder receives in such conversion. The strike price for such warrants shall be 3 times the conversion price. In addition, the warrants shall have an option whereby the Company can require the exercise of the warrants if the trading price is at or above the warrant price plus 150% for 20 consecutive trading days. The conversion date shall be the date that such conversion is completed. Upon maturity, the Company shall have the option to convert the unpaid principal and interest balance of the note under the same terms as above. On April 13, 2020, the Company issued a convertible promissory note with an accredited investor in exchange for $50,000 bearing an interest rate of 12% per annum and payable in six months. After June 5, 2020, the holder may convert the unpaid principal and interest balance of the note into shares of common stock, par value $0.001 per share, at the conversion rate equal to 80% of the closing price on June 5, 2020 per share. At the time of conversion, the Company shall immediately also issue a five-year warrant to the holder to purchase the same number of shares of common stock of the Company as the holder receives in such conversion. The strike price for such warrants shall be 3 times the conversion price. In addition, the warrants shall have an option whereby the Company can require the exercise of the warrants if the trading price is at or above the warrant price plus 150% for 20 consecutive trading days. The conversion date shall be the date that such conversion is completed. Upon maturity, the Company shall have the option to convert the unpaid principal and interest balance of the note under the same terms as above. On April 13, 2020, addendums were executed to modify the two demand notes payable entered on January 16, 2020 for $50,000 each from related parties. Per the addendums, the interest rate of 10% was increased to 12% per annum. The modification also allowed for a conversion option for the holder after June 5, 2020. After June 5, 2020, the holder may convert the unpaid principal and interest balance of the note into shares of common stock, par value $0.001 per share, at the conversion rate equal to 80% of the closing price on June 5, 2020 per share. At the time of conversion, the Company shall immediately also issue a five-year warrant to the holder to purchase the same number of shares of common stock of the Company as the holder receives in such conversion. The strike price for such warrants shall be 3 times the conversion price. In addition, the warrants shall have an option whereby the Company can require the exercise of the warrants if the trading price is at or above the warrant price plus 150% for 20 consecutive trading days. The conversion date shall be the date that such conversion is completed. Upon maturity, the Company shall have the option to convert the unpaid principal and interest balance of the note under the same terms as above. Due to the ongoing uncertainty about the severity and duration associated with the COVID-19 pandemic, the Company considered furloughing or eliminating employees and taking other measures to reduce operating costs until there is more certainty about the short-term and long-term effects of the COVID-19 pandemic on the nation’s economy and the Company’s business. On May 1, 2020, the Company entered a promissory note agreement with its bank in exchange for $123,318 bearing an interest rate of 1.0% per annum. The loan was made pursuant to the Paycheck Protection Program under the CARES Act after receiving confirmation from the U.S. Small Business Administration (“SBA”). The note contains a deferment period of six months from the date of funding. After sixty, but not more than ninety, days from the date of funding, the Company can apply to the bank for loan forgiveness. The bank will then request confirmation from the SBA. If the SBA confirms full and complete loan forgiveness, the Company’s obligation under the note will be deemed fully satisfied and paid in full. If the SBA denies full and complete loan forgiveness or only partly confirms forgiveness, the Company will be obligated to repay the bank for the total outstanding balance of the note, including principal and interest. The bank will establish terms, including monthly payments based on a maturity of two years from the date of funding and not more than 1.0% interest per annum. No principal or interest payments will be due prior to the end of the six-month deferment period. The Payroll Protection Program requires that the funds be used to maintain the current number of employees as well cover payroll-related costs, monthly mortgage or rent payments and utilities and not more than 25% can be expended on non-payroll-related costs. After providing documented evidence of the number of employees and the use of funds, the SBA will provide loan forgiveness for the documented costs.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Cash	(A) Cash The Company considers all highly liquid temporary cash instruments with an original maturity of three months or less to be cash equivalents. The Company places its cash and cash equivalents and restricted cash on deposit with financial institutions in the United States, which are insured by the Federal Deposit Insurance Company ("FDIC") up to $250,000. The Company's credit risk in the event of failure of these financial institutions is represented by the difference between the FDIC limit and the total amounts on deposit. Management monitors the financial institutions credit worthiness in conjunction with balances on deposit to minimize risk.
Use of Estimates in Financial Statements	(B) Use of Estimates in Financial Statements The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Reclassifications	(C) Reclassifications The Company has reclassified certain prior period amounts in the accompanying condensed consolidated financial statements in order to be consistent with the current period presentation. These reclassifications had no effect on net loss, total assets, total liabilities or stockholders’ deficit.
Inventories	(D) Inventories The Company’s inventories consist of raw materials and finished goods, both purchased and manufactured. Inventories are stated at lower of cost or net realizable value. Cost is determined on the first-in, first-out basis. Raw inventory consists of basalt fiber and other necessary elements to produce the basalt rebar. On a quarterly basis, the Company analyzes its inventory levels and records allowances for inventory that has become obsolete and inventory that has a cost basis in excess of the expected net realizable value. The Company’s inventory at March 31, 2020 and December 31, 2019 was comprised of: March 31, December 31, 2019 (Unaudited) Finished goods $ 46,892 $ 47,462 Raw materials 111,383 112,010 Total inventory $ 158,275 $ 159,472
Fixed assets	(E) Fixed assets Fixed assets consist of the following: March 31, December 31, 2019 (Unaudited) Computer equipment $ 7,268 $ 7,268 Machinery 639,155 578,347 Leasehold improvements 161,579 137,217 Office furniture and equipment 62,926 62,926 Land improvements 7,270 7,270 Website development 27,275 27,275 905,473 820,303 Accumulated depreciation (74,135 ) (48,307 ) $ 831,338 $ 771,996
Loss Per Share	(F) Loss Per Share The basic loss per share is calculated by dividing the Company's net loss available to common shareholders by the weighted average number of common shares during the period. The diluted loss per share is calculated by dividing the Company's net loss by the diluted weighted average number of shares outstanding during the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. The following are dilutive shares not included in the loss per share computation: March 31, December 31, 2019 (Unaudited) Options 5,042,500 5,042,500 Warrants 29,849,761 29,849,761 Convertible shares 998,666 984,014 35,890,927 35,876,275
Stock-Based Compensation	(G) Stock-Based Compensation The Company recognizes compensation costs to employees under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 718, Compensation – Stock Compensation. Under FASB ASC Topic 718, companies are required to measure the compensation costs of share-based compensation arrangements based on the grant-date fair value and recognize the costs in the financial statements over the period during which employees are required to provide services. Share based compensation arrangements include stock options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans. As such, compensation cost is measured on the date of grant at their fair value. Such compensation amounts, if any, are amortized over the respective vesting periods of the grant.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Schedule of Inventory	The Company’s inventory at March 31, 2020 and December 31, 2019 was comprised of: March 31, December 31, 2019 (Unaudited) Finished goods $ 46,892 $ 47,462 Raw materials 111,383 112,010 Total inventory $ 158,275 $ 159,472
Schedule of Fixed Assets	Fixed assets consist of the following: March 31, December 31, 2019 (Unaudited) Computer equipment $ 7,268 $ 7,268 Machinery 639,155 578,347 Leasehold improvements 161,579 137,217 Office furniture and equipment 62,926 62,926 Land improvements 7,270 7,270 Website development 27,275 27,275 905,473 820,303 Accumulated depreciation (74,135 ) (48,307 ) $ 831,338 $ 771,996
Schedule of Dilutive Shares Not Included in Loss Per Share Computation	The following are dilutive shares not included in the loss per share computation: March 31, December 31, 2019 (Unaudited) Options 5,042,500 5,042,500 Warrants 29,849,761 29,849,761 Convertible shares 998,666 984,014 35,890,927 35,876,275

OPERATING LEASE (Tables)

OPERATING LEASE (Tables)	3 Months Ended
	Mar. 31, 2020
Lessee Disclosure [Abstract]
Schedule of Future Minimum Lease Payments under Operating Lease	The future minimum lease payments to be made under the operating lease as of March 31, 2020 are as follows: 2020 304,425 2021 415,033 2022 427,484 2023 440,308 2024 110,884 Total minimum lease payments 1,698,134 Discount (433,908 ) Operating lease liability $ 1,264,226

OPTIONS AND WARRANTS (Tables)

OPTIONS AND WARRANTS (Tables)	3 Months Ended
	Mar. 31, 2020
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Stock Options and Warrants Activity	The following table summarizes all option grants outstanding to consultants, directors and employees as of March 31, 2020 and December 31, 2019 and the related changes during these periods are presented below. March 31, December 31, Options outstanding and exercisable 5,042,500 5,042,500 Weighted-average exercise price $ 0.40 $ 0.40 Aggregate intrinsic value $ — — Weighted-average remaining contractual term (years) 4.41 4.66
Stock Warrants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Stock Options and Warrants Activity	The following table summarizes all warrant grants outstanding to consultants, directors and employees as well as investors as of March 31, 2020 and December 31, 2019 and the related changes during these periods are presented below. March 31, December 31, Warrants outstanding and exercisable 29,849,761 29,849,761 Weighted-average exercise price $ 0.21 $ 0.23 Aggregate intrinsic value $ 429,000 $ 1,956,750 Weighted-average remaining contractual term (years) 3.32 3.64

ORGANIZATION, NATURE OF BUSIN_2

ORGANIZATION, NATURE OF BUSINESS AND GOING CONCERN (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 26,005,361		$ 25,444,056
Working capital deficiency	2,600,000
Net cash used in operations	(7,731)	$ (442,760)
Cash	$ 101,841		$ 129,152

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details)	Mar. 31, 2020USD ($)
Accounting Policies [Abstract]
Cash insured amount	$ 250,000

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Inventory) (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Finished goods	$ 46,892	$ 47,462
Raw materials	111,383	112,010
Inventory	$ 158,275	$ 159,472

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Fixed assets) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 905,473		$ 820,303
Accumulated depreciation	(74,135)		(48,307)
Balance	831,338		771,996
Depreciation	25,828	$ 1,559
Computer equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	7,268		7,268
Machinery [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	639,155		578,347
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	161,579		137,217
Office furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	62,926		62,926
Land improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	7,270	$ 7,270
Website development [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 27,275		$ 27,275

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Dilutive Shares Not Included in Loss Per Share Computation) (Details) - shares	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive shares not included in loss per share computation	35,890,927	35,876,275
Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive shares not included in loss per share computation	5,042,500	5,042,500
Stock Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive shares not included in loss per share computation	29,849,761	29,849,761
Convertible Debt Securities [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive shares not included in loss per share computation	998,666	984,014

OPERATING LEASE (Narrative) (De

OPERATING LEASE (Narrative) (Details) - USD ($)	1 Months Ended		3 Months Ended
	Mar. 25, 2019	Jan. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Lessee Disclosure [Abstract]
Weighted average discount rate			15.00%
Operating lease rent expense			$ 107,589	$ 119,219
Lease deposit		$ 74,000
Lease term	1 year 9 months	5 years 2 months	4 years
Base rent obligation	$ 33,825	$ 2,073,344

OPERATING LEASE (Schedule of Fu

OPERATING LEASE (Schedule of Future Minimum Lease Payments under Operating Lease) (Details)	Mar. 31, 2020USD ($)
Operating leases
2020	$ 304,425
2021	415,033
2022	427,484
2023	440,308
2024	110,884
Total minimum lease payments	1,698,134
Discount	(433,908)
Operating lease liability	$ 1,264,226

NOTES PAYABLE - CONVERTIBLE (Na

NOTES PAYABLE - CONVERTIBLE (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Debt Instrument [Line Items]
Interest expense	$ 2,323	$ 6,118
Note payable - convertible	418,391		$ 453,991
Note Payable related party - convertible [Member]
Debt Instrument [Line Items]
Accrued interest	106,926		$ 86,520
Interest expense	$ 22,906	$ 14,929

NOTES PAYABLE (Narrative) (Deta

NOTES PAYABLE (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Debt Instrument [Line Items]
Notes payable	$ 211,914		$ 219,617
Interest expense	2,323	$ 6,118
VCVC, LLC [Member] | Unsecured Promissory Note [Member]
Debt Instrument [Line Items]
Accrued interest	$ 13,641		$ 11,244

NOTES PAYABLE - RELATED PARTY (

NOTES PAYABLE - RELATED PARTY (Details) - USD ($)	1 Months Ended	3 Months Ended
	Jan. 16, 2020	Mar. 31, 2020	Mar. 31, 2019	Apr. 13, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Notes payable - related party		$ 100,000
Notes payable [Member]
Debt Instrument [Line Items]
Accrued interest		2,091			$ 0
Interest expense		$ 2,091	$ 11,456
Demand note agreement with Michael V. Barbera [Member]
Debt Instrument [Line Items]
Debt principal amount	$ 50,000
Interest rate	10.00%
Debt term	6 months
Debt discount percentage	20.00%
Demand note agreement with Michael V. Barbera [Member] | Subsequent Event [Member] | Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Interest rate				12.00%
Demand note agreement with Ronald J. LoRicco [Member]
Debt Instrument [Line Items]
Debt principal amount	$ 50,000
Interest rate	10.00%
Debt term	6 months
Debt discount percentage	20.00%
Demand note agreement with Ronald J. LoRicco [Member] | Subsequent Event [Member] | Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Interest rate				12.00%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	Mar. 18, 2020	Feb. 26, 2020	Mar. 31, 2020	Dec. 31, 2019	Apr. 22, 2015
Commitments and Contingencies Disclosure [Abstract]
Default amount, payable for settlement			$ 41,937
Accelerated rent and damages			376,424
Attorney costs			$ 12,442
Percentage of accrued interest rate			4.75%
Accrued interest on judgement			$ 91,344	$ 86,739	$ 388,866
Claims settlement amount		$ 125,000
Net proceeds received	$ 70,817

STOCKHOLDERS' DEFICIT (Details)

STOCKHOLDERS' DEFICIT (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Class of Stock [Line Items]
Shares issued	4,000,000
Shares issued, value		$ 775,000
Common stock par value	$ 0.001		$ 0.001
Subscription liability	$ 416,667
Investor [Member] | Restricted Common Shares [Member]
Class of Stock [Line Items]
Shares issued	4,166,667
Shares issued, value	$ 416,667
Common stock par value	$ 0.001
Shares issued price per share	$ 0.10
Warrants issued	4,000,000
Strike price of warrants	$ 0.30
Warrants term	5 years
Investor [Member] | Restricted Common Shares [Member] | Transaction One [Member]
Class of Stock [Line Items]
Warrants issued	16,667
Strike price of warrants	$ 0.40
Warrants term	5 years

OPTIONS AND WARRANTS (Narrative

OPTIONS AND WARRANTS (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Share-based Payment Arrangement [Abstract]
Issuance of warrants expense	$ 0	$ 73,603

OPTIONS AND WARRANTS (Summary o

OPTIONS AND WARRANTS (Summary of Options and Warrants Grants to Consultants, Directors and Employees) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options and Warrants outstanding and exercisable	5,042,500	5,042,500
Weighted-average exercise price	$ 0.40	$ 0.40
Aggregate intrinsic value
Weighted-average remaining contractual term (years)	4 years 4 months 28 days	4 years 7 months 28 days
Stock Warrants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options and Warrants outstanding and exercisable	29,849,761	29,849,761
Weighted-average exercise price	$ 0.21	$ 0.23
Aggregate intrinsic value	$ 429,000	$ 1,956,750
Weighted-average remaining contractual term (years)	3 years 3 months 26 days	3 years 7 months 21 days

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)	Apr. 13, 2020	Apr. 03, 2020	Apr. 16, 2020	Mar. 31, 2020	Mar. 31, 2019	Jun. 05, 2020	May 01, 2020	Dec. 31, 2019
Subsequent Event [Line Items]
Shares issued				4,000,000
Shares issued, value					$ 775,000
Common stock par value				$ 0.001				$ 0.001
Repayments of convertible debt				$ 102,500	2,500
Proceeds from convertible debt				$ 50,000	$ 70,000
Subsequent Event [Member] | Convertible Promissory Note with Labrys Fund, LP [Member]
Subsequent Event [Line Items]
Interest rate	15.00%
Repayments of convertible debt	$ 262,389
Accrued interest	$ 24,389
Shares returned as commitment fee			1,300,000
Treasury stock			1,300,000
Released reserve of shares of common stock			21,666,666
Subsequent Event [Member] | Convertible Promissory Notes [Member]
Subsequent Event [Line Items]
Strike price of warrants	$ 0.312
Warrants term	5 years
Interest rate	12.00%
Proceeds from convertible debt	$ 100,000
Conversion rate	$ 0.092
Trading price of warrants	0.69
Subsequent Event [Member] | Convertible promissory note with Ronald J. LoRicco [Member]
Subsequent Event [Line Items]
Common stock par value	$ 0.001
Warrants term	5 years
Interest rate	12.00%
Proceeds from convertible debt	$ 150,000
Conversion rate percentage						80.00%
Subsequent Event [Member] | Convertible promissory note with Michael V. Barbera [Member]
Subsequent Event [Line Items]
Common stock par value	$ 0.001
Warrants term	5 years
Interest rate	12.00%
Proceeds from convertible debt	$ 25,000
Conversion rate percentage						80.00%
Subsequent Event [Member] | Convertible promissory note with Accredited investor [Member]
Subsequent Event [Line Items]
Common stock par value	$ 0.001
Warrants term	5 years
Interest rate	12.00%
Proceeds from convertible debt	$ 50,000
Conversion rate percentage						80.00%
Subsequent Event [Member] | Demand notes payable from related parties [Member]
Subsequent Event [Line Items]
Common stock par value	$ 0.001
Warrants term	5 years
Conversion rate percentage						80.00%
Notes payable	$ 50,000
Subsequent Event [Member] | Demand notes payable from related parties [Member] | Minimum [Member]
Subsequent Event [Line Items]
Interest rate	10.00%
Subsequent Event [Member] | Demand notes payable from related parties [Member] | Maximum [Member]
Subsequent Event [Line Items]
Interest rate	12.00%
Subsequent Event [Member] | Promissory note agreement with its bank [Member]
Subsequent Event [Line Items]
Interest rate							1.00%
Notes payable							$ 123,318
Subsequent Event [Member] | Restricted Common Shares [Member]
Subsequent Event [Line Items]
Shares issued	4,000,000	166,667
Shares issued, value	$ 400,000	$ 16,667
Common stock par value	$ 0.001	$ 0.001
Shares issued price per share	$ 0.10	$ 0.10
Warrants issued	4,000,000	166,667
Strike price of warrants	$ 0.30	$ 0.40
Warrants term	5 years	5 years